Young and restless

This is in large part the result of the elevated level of the unemployment rate compared to prior to the Great Reces- sion and relative to older Canadians. [...] We find that the business cycle determines a large part of the 16 current woes of youth in the labour market, and that persistent slack in the economy is weighing most notably on the youngest 14 segments of the working-age population. [...] It is important, therefore, to first After reaching a peak of 16.4% in July 2009, the youth discuss the impact that the state of the economy has on the unemployment rate has gradually come down to reach labour market as a whole. [...] The youth unemployment rate TD Economics as the relationship between the current level is currently below the historical average (1976 to 2014) of real output of the economy and the potential level of out- of 14.2% and slightly below the average of the past ten or put, known as the output gap (see Potential to Improve: A fifteen years. [...] At be the result of a falling number of people in the labour the same time, the unemployment rate among youth aged force, which can be a negative outcome.